Crypto ATM Installations Decrease By Over 5,000 In 2023 – Here’s Why

The year 2023 has been quite eventful for the crypto industry, with several positives and negatives. In the latest development, Bitcoin and crypto ATM installations have dropped by more than 5,000 units in 2023 based on data from Coin ATM Radar. Global Crypto ATM Network Records Heavy Decline In Q1 2023 Although the crypto market [...]

The post Crypto ATM Installations Decrease By Over 5,000 In 2023 – Here’s Why appeared first on Crypto Breaking News.

View Details

Declining trend in physical crypto ATMs

The number of physical cryptocurrency ATMs is declining, with 3,627 removed in March 2023, according to Coin ATM Radar. The trend of increasing installations is reversing, with the highest number of machines installed in a single month being 2,048 in January 2021. The three-month-long downtrend was broken in April with 37 installations. General Bytes, BitAccess, and Genesis Coin are the current market leaders in manufacturing crypto ATMs. General Bytes faced a security incident in March and promised to reimburse customer losses. (Read More)

View Details